Anand Rathi Share & Stock Brokers allots ₹10.85 cr NCDs at 9% coupon
- Anand Rathi Share & Stock Brokers allotted ₹10.85 crore in NCDs via private placement
- Instruments carry a 9% annual coupon with quarterly interest payments
- Tenure is three years, maturing on September 28, 2029
- NCDs are secured by first-ranking charge over unencumbered assets and receivables
*this image is generated using AI for illustrative purposes only.
Anand Rathi Share & Stock Brokers allotted ₹10.85 crore through the issuance of 1,085 secured, unlisted, and redeemable non-convertible debentures (NCDs). The private placement, executed on September 28, 2026, offers a fixed annual coupon rate of 9% with a tenure of three years.
The allotment falls under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company issued these instruments based on an offer document dated September 24, 2026. Each NCD has a face value of ₹1,00,000.
Terms of the issue
The NCDs are secured by a first-ranking charge via hypothecation over all present and future unencumbered assets, book debts, and receivables. This security is defined under a deed of hypothecation dated June 2, 2026, between the company and the debenture trustee. Interest payments are scheduled on a quarterly basis, with full redemption of principal due on the maturity date.
| Parameter | Details |
|---|---|
| Total Allotted Value | ₹10.85 crore |
| Number of NCDs | 1,085 |
| Face Value | ₹1,00,000 each |
| Coupon Rate | 9% per annum |
| Tenure | 3 years (1,096 days) |
| Maturity Date | September 28, 2029 |
| Listing Status | Unlisted |
Security and default provisions
In the event of a default in interest or principal payment exceeding three months from the due date, the company must pay additional interest at a rate of 2% per annum over the standard interest rate. This penalty applies from the date of default until the payment is made, as specified in the Debenture Trust Deed.
The total authorized size for this specific tranche was up to ₹16.65 crore, but the company finalized the allotment at ₹10.85 crore. These instruments are not proposed to be listed on any stock exchange.
Historical Stock Returns for Anand Rathi Share & Stock Brokers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.74% | -0.29% | -6.84% | +9.27% | +12.36% | +12.36% |
How will the ₹10.85 crore capital infusion specifically impact Anand Rathi's technology infrastructure upgrades or branch expansion plans in the coming fiscal year?
Given the unlisted nature of these NCDs, how might this private placement strategy influence Anand Rathi's future ability to access public debt markets for larger scale fundraising?
What are the potential implications of the 9% coupon rate on Anand Rathi's overall cost of capital and net interest margins compared to its peer brokerage firms?
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